According to the National Statistics Institute (NSI), the city of Buea is at the top of the most expensive cities in the country, with prices rising by 2.1% in September 2016.
According to the latest summary note published on Monday 12 December 2016 by the National Statistics Institute (NSI), household final consumer prices rose by 1.1% in 2016. In 2015 during the same period, it was 3.0%. “On average over the last twelve months, the increase is 1.2%, nearly two points (1.7) lower compared to the level of a year ago. Overall, consumer prices increased in all cities during this period, with the exception of Maroua. The highest price increase was recorded in Buea (2.1%), “the report said.
Buea is followed by Bafoussam (1.8%), N’Gaoundere (1.6%), Bamenda (1.3%), Yaounde (1.3%) and Douala (1.1%). On the other hand, prices decreased by 0.8% in Maroua “probably because of the low demand coming from Nigeria“, notes NSI. This increase is “a result of soaring prices for alcoholic beverages and tobacco (5.4%), restaurants and hotels (4.1%) and food and non-alcoholic beverages (1.7%); Driven by rising prices for fruit products (13.4%), vegetables (8.0%), milk and dairy products, eggs and oils and fats (1.0%).
Fish and seafood prices are up 0.4%, while meat and cereal prices have declined by 2.1% and 1.2% respectively over the last twelve months. Costs of fruit, especially citrus fruit, increased by 13.1% and other fresh fruit (13.1%). “These include lemon (30%), soursop (20%) and soft avocado (20%)“.
Vegetable prices have increased by 8.0% over the last twelve months. “This is due to higher prices for starch (13.9%) and processed vegetables (6.0%) in general, including sweet potato (24%), coco-yam (16%) , Fresh non-ripe bananas (13%), yams (12%), plantains (11%), potatoes (10%) and dehydrated cassava (7%)“, says the report.
Oils and fats rose by 1.0%. Prices for sugars, jams, honey and chocolates also increased by 0.6%. Prices for frozen and fresh fish fell 2.2% and 1.0%, respectively. “Over the last twelve months, we note that inflation was only internal. Prices for local goods increased by 1.8%, while those for imported goods fell by 0.3%. This situation is explained by an insufficient supply of fresh produce “. For the Economie newspaper of December 14, 2016, it is the curious fact noted by the NSI.